Word: failings
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...that crushes a lot of people. Some are able to pull it off—to go through that tunnel by sheer willpower and talent and emerge as a giant in the field. But for every one that succeeds, there are thousands that fail. My parents understood the kinds of doubts and anxiety of having only one focus. Having come here, I decided not to concentrate in music under any circumstances, as a kind of personal policy...
Every teacher can tell the story of a student who needed to fail in order to be reassured that the world wouldn't come to an end. Yet teachers now face a climate in which parents ghostwrite students' homework, airbrush their lab reports - then lobby like a K Street hired gun for their child to be assigned to certain classes. Principal Karen Faucher instituted a "no rescue" policy at Belinder Elementary in Prairie Village, Kans., when she noticed the front-office table covered each day with forgotten lunch boxes and notebooks, all brought in by parents. The tipping point...
Conglomerate banks that are too big to fail are often too big for executives to manage effectively. As Spitzer pointed out last week, most bank CEOs probably did not want to take on ruinous amounts of risk, but the scale of their operations hindered their oversight. Unsurprisingly, these financial behemoths tend to become unwieldy as they attempt to do too much at once. Consider the case of Citigroup, the product of Citibank’s historic 1998 merger with Travelers, an insurance company. The one-time “financial supermarket” was exposed as a bloated, mismanaged basket...
Reversing Gramm-Leach-Bliley would help prevent future financial crises before they start, improve the efficiency of America’s banks, and protect taxpayers from future bailouts. Instead of being too big to fail, America’s banks ought to be small enough to succeed...
Gilbert discussed his study of the human tendency to make mistakes and fail at predicting the future accurately...